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Renting
Founded by a real estate broker who understood that landlords need to be careful when renting property, T. Nicholas Realty's agents are specifically
trained to give their clients -- landlords -- all of the tools they need to do three things: 1.) generate the most rental income possible; 2.) select tenants who pose the
lowest risk of default; and 3.) comply with local, state, and federal law.
GENERATING THE MOST RENTAL INCOME
Also being in the property management business, the agents of T. Nicholas Realty understands what it takes to maximize rental income. In addition to focusing on price, we also focus on preparing your unit so that you can get the most money possible.
SELECTING QUALIFIED TENANTS
As any landlord who has had the unpleasant experience of attempting to evict a tenant knows, the eviction process is a difficult one for a property owner. It can also be extremely time consuming and lead to scenarios where a tenant may avoid paying rent for months. Understanding this, it is far better for a landlord to be proactive with tenant screening than to put themselves in a position where eviction becomes the only solution.
To minimize the risk of tenant default, T. Nicholas Realty recommends that landlords adopt three key criteria when selecting an applicant: 1.) income should be four times the monthly rent (so a 4:1 income-to-rent ratio) and steady (6 months or longer); 2.) credit scores should be 700 or above (with no late payments or collections); and 3.) housing references should be able to confirm no history of delinquency. Each landlord has their own discretion to be more or less stringent.
COMPLYING WITH THE LAW
Complying with the law is an essential requirement for those owners who want to be a landlord. There are a number of laws that relate to things such as the following:
• tenant screening & selection
• maintaining your property
• handling a tenant's security deposit
Our agents are trained so that we can help prevent landlord-tenant disputes before they arise. You can click here to see an illustration of how our rental process works for landlords.
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